Leased Office Condominium
3321 Toledo Terrace Unit 201 Hyattsville, MD 20782
New
For Sale
$252,000
Office unit in a professionally managed condo project, leased through December 2027, with ample surrounding parking.
Property Size1,208 SF
Price / SF$208.61
Days on Market6
Property Features for 3321 Toledo Terrace Unit 201
General Information
Standard status
Active
Size
1,208 SF
Building Details
Year Built
1991
Listing Agency:
RE/MAX Allegiance
(571) 217-4658
Listed By:
Leah L Webster
Source:
Kandorre
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 28 at 2:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Allegiance
Investment Insights
Based on property information with market context.
Unit 201 is a leased office condominium within a professionally managed condominium project. The space is described as well kept and upgraded, and it remains under lease through December 2027. The seller is offering the unit for sale subject to the existing lease, with any tenant deposit and rent transferring to the new owner at settlement.
The condominium complex includes ample parking surrounding the entire property. The location is directly across from the Mall at Prince Georges, and neighboring units reflect a mix of businesses within the same condominium setting.
This offering presents an office condominium unit with maintained condition and an in-place lease, while allowing an owner-occupant or investor to take possession after the lease expires.
The condominium complex includes ample parking surrounding the entire property. The location is directly across from the Mall at Prince Georges, and neighboring units reflect a mix of businesses within the same condominium setting.
This offering presents an office condominium unit with maintained condition and an in-place lease, while allowing an owner-occupant or investor to take possession after the lease expires.
Key Highlights
- Office condominium unit in a professionally managed condo project
- Unit leased through December 2027 (tenant deposit and rent transfer to new owner at settlement)
- Year built: 1991
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $24.60 |
| − Vacancy | −$5.1k | −$4.23 |
| EGI | $24.6k | $20.37 |
| − OpEx | −$6.2k | −$5.09 |
| NOI | $18.5k | $15.28 |
1,208 SF · lease $24.60/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$263.6K
$230.7K – $307.6K
NOI $18,454 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$389.7K
$341.0K – $454.7K
NOI $27,279 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office unit in a professionally managed condo project, leased through December 2027, with ample surrounding parking.
Where is this office units located?
The property is located at 3321 Toledo Terrace Unit 201 Hyattsville, MD.
What is the asking price?
The asking price for this property is $252,000.
What are key features of this property?
This property features: Office condominium unit in a professionally managed condo project; Unit leased through December 2027 (tenant deposit and rent transfer to new owner at settlement); Year built: 1991
